Cantor Fitzgerald Reaffirms Overweight Rating for Amazon.com (NASDAQ:AMZN)

Cantor Fitzgerald reaffirmed their overweight rating on shares of Amazon.com (NASDAQ:AMZN) in a research note published on Monday, Benzinga reports. They currently have a $230.00 price target on the e-commerce giant’s stock.

A number of other brokerages have also issued reports on AMZN. Robert W. Baird lifted their target price on Amazon.com from $210.00 to $213.00 and gave the stock an outperform rating in a research report on Friday, June 21st. UBS Group lifted their price objective on Amazon.com from $217.00 to $224.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a buy rating in a research note on Friday, August 2nd. Wells Fargo & Company reduced their target price on Amazon.com from $232.00 to $225.00 and set an overweight rating on the stock in a report on Monday, August 26th. Finally, TD Cowen raised their price objective on Amazon.com from $225.00 to $245.00 and gave the stock a buy rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of Buy and a consensus price target of $223.65.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $184.76 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20. The company has a market capitalization of $1.92 trillion, a price-to-earnings ratio of 51.75, a PEG ratio of 1.46 and a beta of 1.14. The business has a 50-day moving average of $179.05 and a 200-day moving average of $182.83.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, equities analysts anticipate that Amazon.com will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,634,860 shares of company stock valued at $926,639,482. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Amazon.com during the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. lifted its position in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB acquired a new stake in shares of Amazon.com during the first quarter worth approximately $2,239,757,000. Capital World Investors grew its position in Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares in the last quarter. Finally, Capital Research Global Investors grew its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.